Elektron Technology Share Discussion Threads

[simon templar qc] 05/11/2017 19:44

Tiger,

Yes and the Trustees and their solicitors have a number of serious issues they have to deal with and those issues will involve criminal conduct.

A number of authorities including both the police and FCA been provide with indefensible evidence recently and action will have to be taken.

[eg2mrb] 05/11/2017 13:52

CT

I think the word is "karma".

You still holding imaginary shares in this?

Egg

[castleford tiger] 05/11/2017 13:46

were the shares sold at about 7p and then boom they almost treble.

Weird eh!

Tiger

[eg2mrb] 05/11/2017 12:29

Did you look at Zoo Tilly?

Now that's a growth stock and it makes money.

[eg2mrb] 05/11/2017 12:16

On the contrary Tilly. I think I was on the money. Looks like Daley and the company will be filling their boots with whatever is left of Bridge's cash. At least it explains ST's manic behaviour.

[tilly99] 05/11/2017 11:27

If Ricketts had remained at Ekt and we handy my have destroyed hartest we would be well over 100pUntil daley was fully loaded with LTIP he refused to promote ekt whereas Ricketts has always looked after all private investors I dont think daley really wanted hartest but he wanted more Stk before a trading stmnt that beat expectations !!We are back to where we were 15 years ago at c 17p but Daley now has more shares and options than he ever had!! He has played a blinder at the expense of other shareholders here Even his great buddy Perloff has sold out as he couldn't bear what he was seeing going on at EKT

[tilly99] 05/11/2017 11:13

Wow Eg,looks like you are wrong about Mr Templar...a QC is not only a very intelligent individual but they are also very determined Watch versarien rocket over the next few weeks and months..it is basically what daley wanted to get rid of but has proved an overwhelming success

[tilly99] 05/11/2017 08:51

When does a directors not have insider knowledge? He certainly does a week before a trading statement that beats expectations!Agreed that Finncapp should have known this.This has nothing to do with being a clever investor or not it's common sense

[blackss] 05/11/2017 03:59

How can he be guilty of insider "trading" by exercising options ? there was no market trade as such, when does a director not have insider knowledge ?
Are you really saying that informing the BOD, the FD, the company solicitors and no doubt his accountant that he wanted to exercise an option not one of them said ,,,, hang on you can't do this ??
As i say if you think you know better than myself then inform the authorities.I am not an expert, i just say what seems blindingly obvious to me, you are the clever investor so rather than hide behind ST, do something yourself if you are so sure. You are making a serious accusation here.

[tilly99] 04/11/2017 23:30

BlackssAre you being serious You think the LTIP needs to state when it's insider trading?Directors CANNOT deal in shares of their companies when they have insider knowledge The LTIP above isn't the whole piece..there are options. For daley and wilson to. Buy at mid mkt price. From the Jsop which is what they did at 6p before they. Promoted the Company and our shares rocketed. Due to better financial performance for first time since 2007 ..funny that!!WILSON IMHO. HAS DEALT WITH INSIDER. KNOWLEDGE. AND THIS LAST. TRANSACTION MUST. GET CANCELLED ..IMHO it's illegal Thoughts Templar?

[tilly99] 04/11/2017 23:23

Blackss Totally irrelevant that he never bought in the market Are you that naive?The bloke stands to gain as he has paid for 1.4m shares 6 days before a trading update that beat expectations Your post is ridiculous. And I'm shocked. You are sticking up for a director dealing on. Inside info He is already up 42k and you think that's legal??Haha you're crazy man Black ss u don't understand the LTIP..exercising his option means he is going long the stock and paying for it I don't need to report him..I'm sure qc Templar will be on the case

[blackss] 04/11/2017 22:26

Read the LTIP blackss

OK read it, please point out where it says these options are subject to any closed period ?

New LTIP
John Wilson and Andy Weatherstone will each receive awards equivalent to 5m and 2.5m Elektron Technology plc shares respectively. Each will only benefit to the extent that the share price exceeds 10 pence, and the awards will vest after the financial year 31 January 2019 (the Performance End Period) if the following performance hurdles are met:

a) the consolidated cash balances exceed £8m after adding back any cash distributions paid to shareholders and deducting all consolidated Group financial liabilities and any net working capital liabilities per the audited accounts; and

b) the share price (plus any cumulative cash distribution paid to shareholders before the Performance End Period) is (i) greater than 15 pence but less than 17.5 pence (in which case 75% of the allocation vests), (ii) greater than 17.5 pence but less than 20 pence (in which case 85% of the allocation vests), and (iii) greater than 20 pence (in which case 100% of the allocation vests). The share price for these purposes will be a 90-day volume weighted average measured from the date the audited accounts for the Performance End Period are announced.

Vesting will be triggered earlier (irrespective of condition (a) above being met) if cumulative cash distributions have been made to shareholders before the end of the Performance End Period equal to the hurdles mentioned in (b) above (i.e. if there are cumulative cash distributions totalling 15p per share, then 75% of the award vests etc.).

Awards will also vest early in the case of certain corporate transactions, including a takeover of the Company.

The major differences between the NLTIP and old JSOP are as follows:

· The participants in the NLTIP (unlike the JSOP) will have no voting rights in Elektron Technology plc until the awards vest and the participants receive Company shares.

· Keith Daley will not participate and Andy Weatherstone will participate. The reverse was the case with the JSOP.

· The NLTIP contains two vesting criteria (including a cash hurdle) whereas the JSOP was based on a single target price.

· Under the NLTIP the participants will only benefit to the extent that the share price exceeds 10 pence (being a 90% increase in the share price at the date at the date the Annual Report was approved). Under the JSOP scheme, including the stock appreciation rights, the entire award was capable of vesting if a single target price of 17.8 pence (if adjusted to take account of the 2014 placing) was met.

The awards will be structured under a tax-advantaged Employee Shareholder Shares (ESS) scheme where shares in Elektron Technology UK Limited (ETUK), a wholly owned subsidiary, will be issued to each of John Wilson and Andy Weatherstone. If the performance hurdles are met, the participants can put vested ETUK shares to the Company or Trustee for an amount determined by reference to the sum of (i) any cumulative cash distributions made by the Company to the Performance Period End plus (ii) the 90 day volume weighted Elektron Technology plc share price immediately prior to the date of exercise of the put less (iii) the 10p hurdle. Such amount can be paid in Company shares (or in cash if so determined by the Remuneration Committee). If the performance hurdles are not met the ETUK shares will be acquired by the Company at no cost. Any Company shares received by participants must be retained until 31 January 2021 (subject to an ability to sell sufficient Company shares to cover any tax liabilities arising from the award).

The awards will be forfeited if the participant ceases employment before the end of the Performance End Period other than for agreed good leaver reasons. Malus and clawback provisions also apply. In the event of sale of all or substantially all of assets or 75% of the shares in the Company the awards will vest in full noting the participants will only benefit from any increase in value over 10 pence per share.

Shareholders will be asked to approve the remuneration report in the Company's Annual Report at the forthcoming AGM. This vote is advisory and the Directors' entitlement to receive remuneration is not conditional on it. In the event that the advisory vote is not carried the Remuneration Committee will consult with shareholders before implementing any changes to Directors' remuneration.

[blackss] 04/11/2017 22:20

Oh come on. No director in the history of the world ever bought without knowing exactly what his company was doing.
If you think he broke the law then challenge him not me.
The shares were already in the scheme. He paid the going rate the day before the purchase. the fact he knew what the results might be the next week doesnt come into it because he didn't buy the shares in the open market so it didn't disadvantage regular share buyers, alter the shares in issue or affect the share price
I say again, if you think it's illegal then challenge him, report him and let us know how you get on.

[tilly99] 04/11/2017 21:47

Read the LTIP blackss

[tilly99] 04/11/2017 21:46

No blackssRead the LTIPThey have the right to buy shares at the mid market price He was exercising this option so he bought shares I'm not clutching at straws This is illegalDaley bought loads at 6p when there were no sellers ..he bought off the Jsop so we incurred big losses while daley made money by manipulating our shares as didn't promote company..now he has made 2 institutional buyers So blackss by wilson buying shares and stumping the money up I believe he has purchased shares whilst in possession of insider infoDon't tell me you are naive enuf to think Wilson never knew a week before this update that he never knew we were beating expectations??

[blackss] 04/11/2017 21:20

He exercised options. He wasnt buying in the market so no one was disadvantaged as far as i can see.
Surely you don't think that with everyone watching their every move now he would be daft enough to break the rules. they have company accountants and solicitors to oversee these actions.
Sorry but you are clutching at straws with this one.

[tilly99] 04/11/2017 21:12

Mr TemplarMr wilson gets sales figures daily How's he allowed to buy stock one week before a trading update that beat expectations !!Those options will have to get cancelled ..it's illegal

[tilly99] 04/11/2017 18:50

Elektron Technology PLC Trading StatementSource: UK Regulatory (RNS & others)TIDMEKTRNS Number : 3058VElektron Technology PLC02 November 2017Elektron Technology plc("Elektron", the "Group" or the "Company")Trading UpdateElektron Technology plc (AIM: EKT), the global technology group, is pleased to provide an update on trading for the third quarter ended 31 October 2017.SalesGroup trading was strong in Q3 with sales increasing 34% compared to the same period last year to GBP8.6m (2017: GBP6.4m). Year to date sales have increased by 15% to GBP22.9m (2017: GBP19.9m).Bulgin achieved record quarterly sales of GBP7.8m in Q3, 37% higher than the same period last year (2017: GBP5.7m) following successful manufacturing scale-up to convert the unprecedented order demand in H1 into sales. The board expects that Bulgin sales will revert to more normal levels through Q4. Sales GBPm Unaudited Unaudited ------------------ Q3 2018 Q3 2017 YTD YTD 2017 2018 ------------------ -------- -------- ------ --------- Bulgin 7.8 5.7 20.3 17.4 IMC (Queensgate and Elektron Eye Technology) 0.7 0.7 2.3 2.3 Checkit 0.1

[tilly99] 04/11/2017 18:47

Elektron Technology PLC Director/PDMR ShareholdingSource: UK Regulatory (RNS & others)TIDMEKTRNS Number : 3754UElektron Technology PLC23 October 2017Elektron Technology plc("Elektron" or the "Company")Director / PDMR ShareholdingElektron Technology plc announces that on 23 October 2017 John Wilson exercised his Market Value Option to acquire shares in the Company granted by the Trustee on 28 July 2016, in part, at an exercise price equal to the mid-market price of the Company's shares at close of business on 20 October 2017 being 16.875p.The resulting shares and options held by John Wilson following the above transaction are as follows: Shares 2,600,000 (1.4%) Market Value Options 1,357,661 Options awarded under LTIP 5,000,000

[tilly99] 04/11/2017 15:13

Daley spends all day devising LTIP to make him and Wilson v v rich at shareholders expensive and that's why perloff and many sholders have exited as they realise Daley has only promotes the Shares here after hear schemes have been put into operation DALEY IS THE ONLY WINNER HERE EKT IS DALEYDALEY HAS MILLIONS OF FREE OPTIONS

[tilly99] 04/11/2017 09:20

Totally agree However d and a have done v well on my recommendation Let's see when and where they exit

[blackss] 04/11/2017 08:48

I honestly think with decent management at the time of the Hartest acquisition this company could have been heading for FTSE 250 but it became pretty clear very quickly that management was not up to the job. Acquisitions were strangled to death by central management often 100's miles away from the local customer base, Experienced local managers who knew the ropes were chucked out. Poor strategic decisions on location meant endless associated exceptionals. A lack of investment saw sales of core product fall and then the embarrassment of factoring and even the threat of court cases for unpaid invoices. How much did they spend on hartest, a move to china, Cambridge, the Torquay fiasco ? what have they got to show for it ? How much did they spend on TC just to make it salable ? TC is a classic case of how management who knew the product proved to be so much better than Daley in his Ivory tower in Cambridge.
We can only guess what EKT would look like today had TC or all of Hartest been left to those that knew what they were doing, the shame for EKT going forward is that the same management that has been so ineffectual for so many years is still muddling through and it seems very little has been learned by the BOD or the major investors.

[blackss] 04/11/2017 08:28

It does seem ironic that the recovery if there really is one is being lead by Bulgin, about the only original part of Elektron that was never messed up by Daley.
What seems really wrong in these situations is a small recovery sees the share price rocket and yet the reason for its collapse and the 10s of millions £ wasted over the last 5 years are swept under the carpet and forgotten about. This company has taken 6-8 significant steps backwards and now one small step forward and everyone is patting themselves on the back.

[castleford tiger] 04/11/2017 08:19

NOW that would work. Happy to support that when the time comes
tiger